Germany vs Sweden

Germany vs Sweden: Government debt

Government debt in 2025: 62.7% of GDP in Germany and 34.6% of GDP in Sweden, by IMF estimates. In 2025 the value was higher in Germany, by 28.1 percentage points, or 1.81 times that in Sweden.

% of GDP · IMF

Germany vs Sweden: Government debtGovernment debt in 2025: 62.7% of GDP in Germany and 34.6% of GDP in Sweden, by IMF estimates. In 2025 the value was higher in Germany, by 28.1 percentage points, or 1.81 times that in Sweden.
GermanySwedenIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Germany has been higher since 1999, when it overtook Sweden.
  • In 2025, Germany ranked 51 and Sweden ranked 118 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Germany at 75.6% of GDP and Sweden at 30.7% of GDP in 2031.

Every year

% of GDP · IMF

YearGermanySweden
202562.734.6
202461.433.9
202361.832.2
202264.134.4
202167.437.2
202067.540.5
201958.436
201860.540.2
201763.741.9
201668.143.2
20157144.8
201474.446.1
201377.441.2
201279.838.1
201178.537.8
20108138.7
200972.441.3
200865.238
200763.739.3
200666.443.9
200567.149
20046548.7
200363.349.5
200259.849.9
200158.152
200059.250.4
199960.460.3
199859.465.4
199758.867.7
199657.768.9
199554.968.7
199447.568.6
199345.166.1
199241.4–
199139–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearGermanySweden
202664.635.1
20276735.5
202869.334.8
202971.533.6
203073.632.3
203175.630.7

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

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